Privé Receives Preliminary Site Plan Approval From City of Aventura

AVENTURA, FL – October 31, 2013 – Privé Developers, LLC, led byco-developers BH3 and Gary Cohen as Principal, are proud to announce receipt of Preliminary Site PlanApproval from the City of Aventura for Privé. The certification marks the latest advancement in the development of the one-of-a-kind, luxury real estate project – set on South Florida’s last buildable private island – slated for completion in mid-2016.

“This is a major achievement for us towards bringing the project to fruition and we are grateful to the City of Aventura and its officials for their support of our efforts. We are now looking forward to the next step, which is the completion of our official sales center, scheduled to open on the island in November 2013.”

– Gary Cohen, Principal, Privé Developers

Designed by renowned architects Sieger Suarez, Privé’s twin towers will rise 16-stories above the exclusive, eight-acre north island located between Williams Island and Sunny Isles Beach. A total of 160 ultra-luxury residences range in size from 2,585 square feet to more than 9,000 square feet in select penthouse units.

Each residence will include private elevator entry, flow-through floor plans with 10-foot glass on both eastern and western exposures, 10-foot deep balconies, expansive east/west water views throughout, European kitchens and bathrooms, as well as outdoor summer kitchens.

“Privé offers privacy born not of walls, but of open air, sea and sky. Our residents will be able to enjoy safe and secure resort lifestyle-living – surrounded by water, plush landscaping, bountiful amenities, and inspiring view corridors – while remaining in the heart of Aventura.”

About BH3 & Gary Cohen

Led by principals Gregory Freedman, Charles Phelan, and Daniel Lebensohn – BH3 is an opportunistic real estate firm with a core focus on acquiring real estate in South Florida and New York City. In addition to Trump Hollywood, the firm’s impressive portfolio includes 1805 Ponce; Terra Beachside 6000 Collins; and Fontainebleau Sorrento. For more information, please visit www.BH-3.com.

Gary Cohen is the developer of Island Estates, the south island of the property, which consists of 21 exclusive mansions and a marina. As one of the founding families of Aventura, the Cohen family has been in South Florida land development since the 1960’s, resulting in approximately 1,000 acres of land development and planning of high-rise condominiums, multifamily, single family homes, shopping centers, and commercial offices.